Revolutionizing Cardano Rewards Contracts: Aiken Language Upgrade for Efficiency and Functionality

[GENERAL] Name and surname of main applicant

Chadi Nassar (on behalf of Plutus.Art as co-founder)

[GENERAL] Email address of main applicant

support@plutus.art

Additional applicants

Stale 

Fettuccine

Both are also co-founders

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

6

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language.

No

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

Yes

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.” .

We are hiring an expert Aiken team to convert our contracts to Aiken language.

[GENERAL] Will your project’s output/s be fully open source?

Yes

[GENERAL] If NO, please describe which outputs are not going to be open source. If YES, please write “Project will be fully open source.”

Project will be fully open source once we are out of beta and we are sure all works properly.

[METADATA] Category of Proposal

Dev Ecosystem Collaboration

[METADATA] SDG rating

SDG 8: Decent Work and Economic Growth - Our project can contribute to this goal by creating high-quality jobs within our team and potentially in the broader Cardano ecosystem as the improvements we make can stimulate more activity and growth. Moreover, by streamlining the rewards system, we could be indirectly supporting the growth of businesses that use Cardano for their operations.

SDG 9: Industry, Innovation, and Infrastructure - As mentioned before, we are innovating and strengthening the infrastructure of the Cardano ecosystem. The use of the Aiken language for this upgrade represents a novel approach in the field of smart contracts, contributing to the 'Innovation' aspect of this goal.

SDG 12: Responsible Consumption and Production - By making the Cardano rewards contract leaner and more functional, we are promoting efficiency in the use of resources within the Cardano network. This aligns with the broader goal of ensuring sustainable consumption and production patterns.

SDG 13: Climate Action - Although indirect, the improvement of the efficiency of the Cardano network through our project could contribute to lower energy usage for transactions and contract interactions. As blockchain and cryptocurrency networks face criticism for their environmental impact, any improvement in efficiency can be seen as a positive step towards sustainable operations.

[IMPACT] Please describe your proposed solution.

Our solution involves a comprehensive review of existing rewards contracts, designing and implementing upgrades using Aiken language, and thorough testing. The upgraded contracts will improve efficiency, functionality, and user experience in the Cardano ecosystem.

[IMPACT] How does your proposed solution address the challenge and what benefits will this bring to the Cardano ecosystem?

The upgraded contracts will address the inefficiencies and limitations of the current rewards contracts, promoting scalability, user onboarding, and marketplace performance. The improved efficiency will reduce resource consumption and attract new users. The enhanced functionality will create a user-friendly experience, driving user participation, space, and growth in the Cardano ecosystem.

[IMPACT] How do you intend to measure the success of your project?

Success will be measured by the efficient operation of the upgraded contracts, increased user onboarding and participation, and growth in the Cardano marketplace. Performance metrics such as transaction speed, resource consumption, user feedback, and marketplace activity will be used to evaluate the success of the project.

[IMPACT] Please describe your plans to share the outputs and results of your project?

We plan to share the outputs and results of the project through regular progress reports, documenting the work completed, milestones achieved, and feedback received. We will also engage with the Cardano community through social media to share the impact and opportunities resulting from the upgraded contracts.

[CAPABILITY/ FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability?

Our team is comprised of Stale, Kieran, and Adawg who are experienced blockchain developers with a background in the cardano ecosystem. They all have previous marketplace experience and have contract integration experience. We have the technical expertise and project management skills necessary to deliver the project successfully. We will work with the Aiken team to create and our team to integrate. 

[CAPABILITY/ FEASIBILITY] What are the main goals for the project and how will you validate if your approach is feasible?

The main goals of the project are to upgrade Cardano rewards contracts using Aiken language, enhance efficiency and functionality, and validate the feasibility through thorough testing and monitoring. We will measure the success of each milestone based on the completion of tasks, adherence to the timeline, and achievement of deliverables outlined in the project plan.

[CAPABILITY/ FEASIBILITY] Please provide a detailed breakdown of your project’s milestones and each of the main tasks or activities to reach the milestone plus the expected timeline for the delivery.

Phase 1: Analysis and Design (Month 1)

• Thorough analysis of existing contracts and design of upgrades

Phase 2: Development and Testing (Month 2)

• Coding of upgrades using Aiken language
• Rigorous testing and bug fixing

Phase 3: Implementation and Monitoring (Months 3-6)

• Careful implementation of upgrades into the live environment
• Continuous monitoring of contract performance

[CAPABILITY/ FEASIBILITY] Please describe the deliverables, outputs and intended outcomes of each milestone.

Milestone 1: Analysis and Design

• Deliverables: Comprehensive analysis report of existing contracts, design documentation for the upgrades
• Outputs: Clear understanding of contract shortcomings, identified areas for improvement, and a detailed design plan
• Intended Outcome: A well-defined roadmap for implementing efficient and functional upgrades to the rewards contracts

Milestone 2: Development and Testing

• Deliverables: Upgraded contract code in Aiken language, test reports, bug fixes
• Outputs: Functional and optimized upgraded contracts, thorough testing results, resolved bugs
• Intended Outcome: Ready-to-deploy upgraded contracts that meet the efficiency and functionality goals

Milestone 3: Implementation and Monitoring

• Deliverables: Deployed upgraded contracts, performance monitoring reports
• Outputs: Live implementation of upgraded contracts, continuous monitoring data
• Intended Outcome: Smooth integration of the upgraded contracts into the Cardano ecosystem, ongoing performance tracking to ensure efficiency and functionality goals are achieved

[RESOURCES & VALUE FOR MONEY] Please provide a detailed budget breakdown of the proposed work and resources.

The requested funds of 85,000 ADA will cover the salaries of the Aiken team as well as our development integration team. The breakdown is as follows:

• Contract Writing: 65,000 ADA
• Integration: 20,000 ADA

[RESOURCES & VALUE FOR MONEY] How does the cost of the project represent value for money for the Cardano ecosystem?

The cost of the project represents value for money for the Cardano ecosystem as it focuses on upgrading and optimizing the rewards contracts, which are essential for the ecosystem's growth and user participation. By investing in improving the efficiency and functionality of the contracts, the project aims to attract new users, retain existing users, and stimulate activity in the Cardano marketplace. The cost is justified by the potential impact on scalability, user onboarding, and overall ecosystem performance.

The costs have been determined based on industry-standard rates for blockchain development and the expertise required for implementing the Aiken language upgrade. The budget ensures the availability of skilled professionals and resources for testing and monitoring. 

[IMPORTANT NOTE] The Applicant agreed to Fund10 rules and also that data in the Submission Form and other data provided by the project team during the course of the project will be publicly available.

I Accept